“Despite being Africa’s largest economy, only 30% of Nigerian adults have an account at a formal banking institution. Currently, more women are excluded than men, with about 73% of them holding no account.
The problem is most acute in the northern parts of the country, where rates of financial exclusion are more than double the rates of the southern parts. The lives of the unbanked could be improved through access to basic banking services such as deposits, savings, installment loans and secure remittances.
At Youth for Technology Foundation (YTF), we invest in the younger generation, because they have the longest productivity cycles and are co-creators of powerful ICT solutions. Likewise, we invest in women, many of whom are the economic pillars of the communities that we serve.”
Read the rest of Njideka’s piece on the World Economic Forum.
